Public trading strategy
Tech heavyweights stumble but the broader market is having its best quarter in 6
Thesis
Even with recent jitters, the overall market is incredibly strong, finishing the best quarter in six years largely on the back of semiconductor dominance. Articles note that while chip stocks have seen wild swings lately, Wall Street is responding to any dips by upgrading key AI suppliers like Micron to unanimous 'Strong Buy' ratings. This combination of a powerful macro tailwind and optimistic analyst support creates a prime opportunity to buy top-tier chipmakers on temporary pullbacks.
Strategy approach
Build a rule-based strategy that enters long MU on D1 when the Nasdaq (QQQ) is above its 50-day moving average and MU experiences a 3% pullback over 2 days, exiting on a 5-day high or with an 8% stop loss.